at age 11. The stock he invested in was "City Services".
His purchase price was $38.
Shortly afterwards the stock tumbled to $27.
Buffett waited patiently for the stock to move up again.
He finally sold it at $40 only to see it rise and rise all
the way to $200!
Buffett learnt his first lesson in the stock market...
never book profits in good companies too early.
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INFOSYS turned its first profit nine years after starting
operations the investors/partners who had shown faith
operations the investors/partners who had shown faith
and waited made super profits thereafter on their investment.
